Loans week March 6-12

A roundup of the latest syndicated loan market news.

China

Changshu City Business Investment has sealed a Rmb 650 million five-year term loan through bookrunner and mandated lead arranger Bank of China.

The facility is priced at 118% PBOC rate.

Final allocation saw the lead give Rmb 400 million while China Construction Bank lent 250 million.

Proceeds are for capital expenditure purposes.

Suzhou Wuzhong Track Development has inked a Rmb 3.2 billion 15-year term loan through bookrunner and mandated lead arranger China Development Bank.

The fundraising is priced at 110% PBOC rate.

Syndication saw Bank of China join in as co-lead...

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